Business
Customs Impounds Ship Load Of Rice
At least 10,000 bags of rice worth millions of Naira have been impounded by men of the CGC’s special squad of the Nigerians Custom Service.
The seizure made at Badagry coastal waters was effected by a team led by chief superintendent Abdullahi Darhiru Kirawa.
The team leader said the ship load of rice was intercepted at the high sea based on the intelligence gathered; adding that it was possible for his men to suppress the smugglers because of the joint efforts of the Western Marine Command of the Customs and the federal operation unit.
According to him, the rice has been evacuated to Government warehouse Ikeja, pointing out that the economic Saboteur contravened section 46 (A) of the Customs and Excise Management ACT (CEMA) cap 84 of 1990.
Kirawa reiterated that rice remained banned in the landed border and any smugglers who dared to test the strength of his men would regret, as the squad would not relent in fighting the die hard a smugglers to standstill.
He appealed to the general public to willingly assist the Customs with information about the movement of suspected smugglers, to make it easier be to confront them and be in the position to rid the nation of anti-economic activities.
The Tide gathered that the dearth of communication facilities remain one of the obstacles of the anti-smuggling squad but when confronted on these issue, CSC Kirawa said the comptroller General of Customs,Alhaji Inde Dikko was conscious of such problems and had put everything in order, including new patrol hilux vans to monitor all routes and creeks.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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